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a recommendation of the IRCLHAProgram Review Committee. For housing units found to be chronic or repeat non-compliance units, the IRCLHAProgram shall have the authority to foreclose upon the housing units and take possession of the units from the owner. Chronic or repeat non-compliance shall be considered more than two (2) non-compliance findings in one year, or more than three (3) non- compliance findings in two (2) years. Assisted Housing Unit Resale The resale of housing units assisted by the IRCLHAProgram will require coordination with Indian River County, and satisfaction of the first mortgage or subordinated first mortgage held by Indian River County. The resale of renter- and owner -occupied housing units assisted by the IRCLHAProgram shall be subject to a subsidy recapture provision substantially similar to that specified in Section 143(m) of the United States Internal Revenue Code of 1986. The amount of funds calculated by application of the recapture provision shall be paid by the selling household and redeposited into the Indian River County Local Housing Assistance Trust Fund for redistribution by the IRCLHAProgram. However, the initial transfer of title for the assisted housing unit between an eligible non-profit organization sponsor and the eligible person(s) acquiring the unit via a lease - purchase agreement shall not be considered the resale of the unit requiring repayment of the loan amount, interest amount and calculated recapture amount. The Satisfaction of Mortgage shall be executed upon payment of both the original loan/grant principal amount and its accrued interest as required by the corresponding IRCLHAProgram Assistance Strategy or Strategies, and the determined subsidy recapture amount. For owner -occupied housing units sold by the original eligible persons receiving IRCLHAProgram assistance selling the unit after a period of twenty (20) years, repayment of both the principal loan amount and the recapture amount shall be required, the interest amount accrued on the loan shall not be collected. For renter -occupied housing units which are offered for sale by the eligible sponsor receiving IRCLHAProgram assistance before termination of the 15 year affordability period, or that have remaining mortgages